signal strength 1 of 5
According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8825/0.8830 whereas the upper border goes across 0.8835/0.8830. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of USDCHF will breach the upper border to head for 0.8845.
The M5 and M15 time frames may have more false entry points.
See Also
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- Flag
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- Pennant
- Rectangle
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- Triple top
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On the chart of SILVER M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 33.76; the lower boundary 33.59; the width of the pattern 165 points
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The Double Bottom pattern has been formed on EURUSD H1; the upper boundary is 1.0830; the lower boundary is 1.0778. The width of the pattern is 53 points. In case
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The Double Bottom pattern has been formed on NZDCAD H1; the upper boundary is 0.8209; the lower boundary is 0.8166. The width of the pattern is 42 points. In case
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